Business news from Ukraine

STATE-OWNED ARTYOMSOL POSTS NET PROFIT IN H1

28 July , 2021  

The state-owned enterprise Artyomsol (Donetsk region) in January-June 2021 saw UAH 11.9 million in net profit versus UAH 19.4 million in net loss in January-June 2020, the growth was driven by an increase in salt production by 70%, to 782,000 tonnes, the enterprise has reported on its website on Wednesday.
“An increase in production and financial indicators is the success of the entire team and a sign of the enterprise’s recovery from the crisis of past years. Our plans are aimed at continuing work to improve production efficiency, reduce production costs, increase the profitability of the enterprise and increase the social protection of workers,” the report said, citing Head of Artyomsol Viktoria Lutsenko.
In the first half of 2021, Artyomsol produced and shipped 782,000 tonnes of salt to consumers, which is almost 70% more than in 2020, as well as 5% more than the company’s internal targets.
According to the company, the export of salt over the specified period amounted to 37% of the total production – 291,000 tonnes, the volume of supplies increased to Hungary, Poland, Romania and Slovakia. At the same time, shipments of salt across Ukraine in the first half of 2021 increased by 34% compared to the same period in 2020, to 491,000 tonnes.
In addition, in 2021, Artyomsol opened an excursion route Secrets of the Underground Salt World, and in the near future, it is planned to open a second tourist facility.
Artyomsol is one of the largest enterprises for the extraction and sale of sodium chloride (NaCl) in Central and Eastern Europe. The production facilities of Artyomsol are located in Soledar, Donetsk region.

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